USD COIN - USDC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	USDCUSD
ISIN:

USD COIN - USDC/USD - 1H - Technical analysis published on 03/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

17%

22%

61%

My opinion

Bearish under 0.999801 USD

My targets

0.995621 USD (-0.40%)

0.967700 USD (-3.20%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD COIN - USDC/USD as long as the price remains well below 0.999801 USD. The next bearish objective for sellers is set at 0.995621 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.967700 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD COIN - USDC/USD rating 0.999641 USD. On the day, this instrument lost -0.01% and was between 0.999416 USD and 1.000000 USD. This implies that the price is at +0.02% from its lowest and at -0.04% from its highest.

0.999416

1.000000

0.999641

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD COIN - USDC/USD:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on USD COIN - USDC/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of USD COIN - USDC/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 3 are bullish, 11 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.967700	0.995621	0.998820	0.999641	0.999644	0.999801	0.999939
Change (%)	-3.20%	-0.40%	-0.08%	-	+0.00%	+0.02%	+0.03%
Change	-0.031941	-0.004020	-0.000821	-	+0.000003	+0.000160	+0.000298
Level	Minor	Minor	Minor	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.998965	0.999261	0.999509	0.999805	1.000053	1.000349	1.000597
Camarilla	0.999606	0.999656	0.999706	0.999756	0.999806	0.999856	0.999906
Woodie	0.998940	0.999249	0.999484	0.999793	1.000028	1.000337	1.000572
Fibonacci	0.999261	0.999469	0.999598	0.999805	1.000013	1.000142	1.000349

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.989650	0.992635	0.996314	0.999299	1.002978	1.005963	1.009642
Camarilla	0.998159	0.998770	0.999381	0.999992	1.000603	1.001214	1.001825
Woodie	0.989996	0.992809	0.996660	0.999473	1.003324	1.006137	1.009988
Fibonacci	0.992635	0.995181	0.996754	0.999299	1.001845	1.003418	1.005963

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.984876	0.988315	0.994047	0.997486	1.003218	1.006657	1.012389
Camarilla	0.997256	0.998097	0.998937	0.999778	1.000619	1.001459	1.002300
Woodie	0.986022	0.988888	0.995193	0.998059	1.004364	1.007230	1.013535
Fibonacci	0.988315	0.991819	0.993983	0.997486	1.000990	1.003154	1.006657

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.43
MACD (12,26,9):	0.0000
Directional Movement:	-10.041747
AROON (14):	7.142857
DEMA (21):	0.999814
Parabolic SAR (0,02-0,02-0,2):	0.999461
Elder Ray (13):	-0.000009
Super Trend (3,10):	1.000181
Zig ZAG (10):	0.999855
VORTEX (21):	0.9777
Stochastique (14,3,5):	66.84
TEMA (21):	0.999815
Williams %R (14):	-21.40
Chande Momentum Oscillator (20):	-0.000039
Repulse (5,40,3):	-0.0035
ROCnROLL:	2
TRIX (15,9):	-0.0002
Courbe Coppock:	0.00

MA7:	0.999878
MA20:	0.999898
MA50:	0.999993
MA100:	1.000058
MAexp7:	0.999804
MAexp20:	0.999820
MAexp50:	0.999833
MAexp100:	0.999851
Price / MA7:	-0.02%
Price / MA20:	-0.03%
Price / MA50:	-0.04%
Price / MA100:	-0.04%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.02%
Price / MAexp100:	-0.02%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…